Thursday, March 15, 2012

How the Fed Steals for the 1%

The only reason the Federal Reserve exists is to make the rich richer and the poor poorer. It's all about the concentration of wealth and power.

The Fed purports to stimulate economic growth by expanding the volume of money and credit...the expansion of money and credit really redistributes wealth from the holders of existing currency units to whoever receives the new money. When an individual "redistributes wealth" without the consent of its current owner, most people call it "stealing."